Cabinet permitted to keep free budget funds in foreign currency

11 January 2018, 20:02 | Policy
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"On amending paragraph 6 of the Procedure for placing temporarily free funds of a single treasury account and funds of foreign currency accounts of the state budget in deposit accounts," the document says..



It is assumed that the placement of budget funds on foreign currency accounts will enhance the effectiveness of their use, taking into account the forecasted demand for currency, the balance of payments position, the budget deficit, the minimization of the risks of exchange rate fluctuations.

By the way, until this time it was allowed to place budget funds only in hryvnia.

Recall, as previously reported by URA-Inform, representatives of the Ukrainian government approved, on January 11, 2017, the methodology for assessing fiscal risks in the public sector of the economy.




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